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FirstMerit, Huntington find buyer for branches

Jul. 27, 2016 7:29 AM ETFirstMerit Corporation (FMER) StockBy: Stephen Alpher, SA News Editor
  • The Feds have demanded divestiture of certain FirstMerit (NASDAQ:FMER) branches in order to greenlight the bank's sale to Huntington Bancshares (HBAN).
  • Today, FirstMerit announces the sale of 13 branches in Stark and Ashtabula counties with about $735M in total deposits to First Commonwealth Bank (FCF).
  • Approval of the merger is expected this quarter.

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